Aegon (NYSE:AEG) Reaches New 52-Week High – What’s Next?

Shares of Aegon NV (NYSE:AEG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.51 and last traded at $8.5250, with a volume of 276889 shares trading hands. The stock had previously closed at $8.39.

Analyst Upgrades and Downgrades

AEG has been the topic of several recent research reports. Morgan Stanley downgraded Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday. Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup reissued a “buy” rating on shares of Aegon in a research report on Monday, May 11th. BNP Paribas Exane initiated coverage on Aegon in a research report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Aegon Stock Performance

The stock has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $7.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $17.12 billion, a PE ratio of -53.34, a P/E/G ratio of 0.88 and a beta of 0.85.

Aegon Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a $0.2469 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a yield of 671.0%. Aegon’s dividend payout ratio is currently -237.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AEG. ABC Arbitrage SA bought a new position in Aegon during the 3rd quarter worth approximately $16,634,000. New York State Common Retirement Fund acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $1,223,000. Factory Mutual Insurance Co. acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $1,747,000. XY Capital Ltd acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $5,478,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of Aegon during the 3rd quarter worth approximately $15,408,000. Hedge funds and other institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.